Cash ISAs: The Best Currently Available List

Rich2808

qbadger said:

01/12/23 5pm for issue 6.

Thanks for opening a Virgin Money Fixed Rate Cash ISA Exclusive Issue 6. Please note, you can only add money until 5pm on 01/12/2023. For details on how to do this go to https://virg.in/pay-in. Please don't reply to this message.

Thanks - I never got a text or email from Virgin about this - even though they have my phone number and email!

I see the website states this

You have until 30 days from the date we stop selling this account to request the transfer.

Also does anyone have experience of handing over paper ISA transfer forms in a VM branch - would simply having handed over the form in a branch be sufficient in terms of meeting the deadline as long as you got a receipt?  

sparkiemalarkie

Rich2808 said:

qbadger said:

01/12/23 5pm for issue 6.

Thanks for opening a Virgin Money Fixed Rate Cash ISA Exclusive Issue 6. Please note, you can only add money until 5pm on 01/12/2023. For details on how to do this go to https://virg.in/pay-in. Please don't reply to this message.

Thanks - I never got a text or email from Virgin about this - even though they have my phone number and email!

I see the website states this

You have until 30 days from the date we stop selling this account to request the transfer.

Also does anyone have experience of handing over paper ISA transfer forms in a VM branch - would simply having handed over the form in a branch be sufficient in terms of meeting the deadline as long as you got a receipt?  

I've handed completed transfer forms in at my local Virgin Money Branch and asked them to scan a copy and email it to the ISA department. My transfers have always been completed within a couple of days.
It's well worth a visit if you want to meet the deadline
HTH

sx

duckson

Does anyone know how to directly fund (via a monthly standing order) the Zopa Smart ISA? It doesnt have an account number as such and it seems any money funded goes into the 'Primary pot' first.

refluxer

duckson said:

Does anyone know how to directly fund (via a monthly standing order) the Zopa Smart ISA? It doesnt have an account number as such and it seems any money funded goes into the 'Primary pot' first.

I don't think you can pay into a Zopa Smart ISA directly. Their ISA pots are just like their Boosted pots in that they don't have individual account numbers (like you say) so I think the only way to pay into them is from your Smart Saver Primary Access pot, which is why you have to open a Smart Saver in order to open the ISA.

The Smart ISA does have a reference number, but that number includes all Access and/or Fixed Term pots held within it. It's presumably only needed if you transfer to another provider in the future. Note that Zopa don't allow partial transfers out, so bear that in mind if you're thinking about opening any Fixed Term pots as those would all need to have matured in order to transfer the whole of the Smart ISA away without paying a penalty.

duckson

Thanks. It’s my sons, if I’d of known he’d have to manually fund the ISA I wouldn’t have considered it for him! 🙄

Correct me if I’m wrong but if it’s not funded I can close it and open another Cash ISA with another provider in this same tax year? He has only funded his LISA S&S ISA with AJ Bell this tax year (I’m aware of the £20k limit across all ISA’s). 

Reed_Richards

duckson said:

Correct me if I’m wrong but if it’s not funded I can close it and open another Cash ISA with another provider in this same tax year? 

You never really open an ISA until you fund it.  For example, you could have filled out all the paperwork and have been given an account number on 1st April this year but if you did not fund the ISA until 6th April then it would be part of your allowance for the current (23/24) tax year.  

fuzzzzy

Are there any requirements I need to meet for the Virgin Money current account if I open one to get the 1 year fixed rate exclusive ISA? Can I just open the current account and ignore it with no funding in?

pecunianonolet

fuzzzzy said:

Are there any requirements I need to meet for the Virgin Money current account if I open one to get the 1 year fixed rate exclusive ISA? Can I just open the current account and ignore it with no funding in?

Yes, opened my ISA this year in March, never used the debit card. No issues.

kjs31

I opened a Metro 12 month fixed rate ISA in branch on 27th November. It was to be funded from an easy access cash ISA with Principality Building Society. Although the transfer was via a manual form rather than electronic the Principality account was closed last week and I received a letter from them dated 28th saying that the funds had been transferred to Metro. The funds are yet to appear in my Metro account. I know that I will get interest accruing from the date of the transfer application but how long should it take Metro to apply the funds to my account so that I can actually see them? 

pecunianonolet

Fixed 1y ISA rates are diving further. Virgin now 5.5% and was 5.85% not long ago before lowered to 5.75% and now at 5.5%. All within maybe 2-3 weeks. Metro Bank 1y fix also lowered to 5.5%

Won't be long and Easy Access Cash ISA's will also dive below the 5% mark.